Is Coinbase Acquiring CoinDCX After $44M Hack? What Does It Mean?

In the recent X post, Coinbase has a word on acquiring CoinDCX and discussing the valuation cost being $900 million. This rumour circulated after the hack of $44 million on July 19. Alongside, Coinbase added new assets to its roadmap, defining its efforts towards DeFi projects and token offerings. Let’s discuss these two and related aspects.

What’s the News?

Coinbase, the U.S.-based crypto exchange, is in advanced talks to acquire CoinDCX, one of the largest crypto exchanges in India. The transaction is under negotiation with a valuation of approximately $900 million, a massive decline in the valuation of CoinDCX, which was as high as $2.2 billion in 2021.

This is a possible acquisition that follows closely after CoinDCX suffered a major $44 million hack on July 19, 2025 , in its internal operational wallet on the Solana blockchain. Although the funds of users were not affected, the hack has cast doubt on the security of centralised exchange (CEX) in India.

Coinbase in Advanced Talks to Acquire CoinDCX After a Major Hack

As per the Indian media reports, Coinbase is looking at CoinDCX as a long-term investment in the Indian crypto market. Nevertheless, its timing has been questioned—the discussions on the acquisition started immediately after the security breach.

The hack was worth $44.2 million and entailed USDC and USDT tokens and is believed to have been connected to Lazarus Group, a North Korean hacking group that has been targeting international crypto companies. The attack was external, but it targeted an internal wallet and did not affect the funds of customers. It revealed the weaknesses of the operational systems

Coinbase has refused to make any comments regarding the news about the acquisition, which has added more curiosity and speculation to the possible deal.

Source: X

How Did CoinDCX Respond?

CoinDCX acted quickly after the hack. Here’s what they did:

• Launched a recovery bounty of up to $11 million (25% of the stolen funds) to encourage white-hat hackers to assist in fund recovery.

• Assured customers on wellness with the withdrawals and services.

• They used their own treasury funds to cover the loss, and this did not affect the users.

Although this was a quick reaction, the event has raised concerns regarding internal risk management and the security of the crypto exchange in India.

What Coinbase’s Entry Could Mean for Indian Crypto Security Standards

It could bring global-level security and compliance standards to India’s crypto market. This might help rebuild user trust, especially after repeated hacks in India, like the past WazirX Hack of $235 million . However, there are also concerns:

• Will foreign ownership limit local innovation or data sovereignty?

• Could this spark tighter rules from Indian regulators?

• Will smaller Indian exchanges survive in a tougher, more competitive space?

The Exchange presence could raise the bar for security and transparency, but might also lead to more regulatory pressure on the entire crypto industry in India.

Additional Coinbase Update: New Assets Added to Roadmap

Coinbase Assets announced today that Bio Protocol (BIO) and Euler (EUL) have been officially added to its listing roadmap. This move reflects ongoing efforts to expand token offerings and support a broader range of decentralised finance (DeFi) projects. While the roadmap addition does not guarantee a listing, it typically signals increased interest in the assets. Both BIO and EUL are expected to see higher visibility and trading volume following this announcement.

Source: X

Conclusion

This demonstrates that the world still has confidence in the future of crypto in India, yet it also indicates that there is an increasing necessity for operational controls, security, and regulatory clarity. For now, Coinbase is focusing on the loopholes and fixing those with new updates to create a more secure area for the users.